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Press release

Nagel-Group acquires Tiefkühlcenter Glesien

Versmold/Schkeuditz, 10 December 2019. The food logistics company Nagel-Group invests in the frozen sector and acquires all the shares of Tiefkühlcenter Glesien (TCG). The acquisition is subject to the approval of the German Antitrust Authorities.

“Frozen logistics has turned out to be a vital pillar of the Nagel-Group in Germany, in which we will continue to invest,” says Carsten Taucke, CEO of the Nagel-Group, on the complete takeover of the TCG Glesien.

A part of the TCG Glesien GmbH, based in Schkeuditz, in the Free State of Saxony, was transferred to the Nagel-Group in the course of the acquisition of the frozen food specialist Transthermos in 2016. This new step involves TC Beteiligung GmbH relinquishing the remaining 81 per cent to the food logistics company. The Tiefkühlcenter covers the entire range of services, from cold storage to picking right through to quality control, with more than 16,200 pallet spaces.

“TCG Glesien is already a significant site for our frozen food network. The acquisition of all the shares allows us to integrate the branch even more effectively and explore options for additional investments such as further expansion,” says Christian Berlin, Managing Director of Nagel-Group’s frozen division.

The Nagel-Group has a total of 27 frozen logistics centres in Germany and specialises in frozen food logistics for all consignment sizes like no other company.

About Nagel-Group

The Nagel-Group, which specialises in food logistics, operates throughout Europe and has its headquarters in Versmold. It employs over 12,000 people in more than 130 locations. Recently the company reported a turnover of 2 billion euros. The company group moves food consignments of all sizes and in all temperature ranges. Whether frozen products, meat, dairy products, coffee or sweets – by order of manufacturers and retailers the Nagel-Group daily provides consumers all over Europe with the right goods in the right quality at the right time. Thus, the Nagel-Group makes a substantial contribution to the success of its customers.

Contact

Kraftverkehr Nagel SE & Co. KG
Nagel-Group Headquarters
Nils Ortmann
+49 5423 960 641
nils.ortmann@nagel-group.com